The share of transport in the total cost of public investment program for 2015 will be 26.57%.
According to the head of the Transport Ministry of Azerbaijan, Ziya Mammadov at the international conference "The railway line Baku-Tbilisi-Kars - new opportunities in the development of the Silk Road," for these purposes will be allocated 2.24 billion manat (854.58 million AZN of that due to foreign loans, 111,490,000 AZN - from the State Oil Fund, and 1 273 930 000 AZN - at the expense of the state budget).
The official also called the deadline (2017) for the completion of the construction and reconstruction of highways of international importance. "This work will serve as the facilitation of road transport, both local and international importance, which will ensure the safety of road users," he said.
According to him, out of the total funds invested in the economy of Azerbaijan, 20% were in the transport sector. --17D-
Economics
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Azerbaijan is poised to increase wheat imports for the 2024-2025 season following a significant drop in domestic wheat production this year. According to data from the State Statistics Committee, the country harvested 1.68 million tons of wheat in 2024, marking an 8.1% decline from the previous year. This downturn in output, combined with rising import volumes in recent months, indicates that Azerbaijan may lean more heavily on foreign suppliers to meet its wheat needs.
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Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
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Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
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The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
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